Guardian Life Insurance Co Of America Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Guardian Life Insurance Co Of America reduced its stake in General Electric Company by 22.07% during the most recent quarter end. The investment management company now holds a total of 34,907 shares of General Electric Company which is valued at $1 Million after selling 9,883 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on May 12, 2016.General Electric Company makes up approximately 0.19% of Guardian Life Insurance Co Of America’s portfolio.

Other Hedge Funds, Including , Lipe Dalton reduced its stake in GE by selling 2,250 shares or 16.52% in the most recent quarter. The Hedge Fund company now holds 11,367 shares of GE which is valued at $336,918. General Electric Company makes up approx 0.26% of Lipe Dalton’s portfolio.Teacher Retirement System Of Texas boosted its stake in GE in the latest quarter, The investment management firm added 292,421 additional shares and now holds a total of 4,839,364 shares of General Electric Company which is valued at $143.4 Million. General Electric Company makes up approx 0.98% of Teacher Retirement System Of Texas’s portfolio.Birinyi Associates Inc boosted its stake in GE in the latest quarter, The investment management firm added 105,049 additional shares and now holds a total of 139,894 shares of General Electric Company which is valued at $4.2 Million. General Electric Company makes up approx 1.89% of Birinyi Associates Inc’s portfolio.Pitcairn Co reduced its stake in GE by selling 7,663 shares or 6.32% in the most recent quarter. The Hedge Fund company now holds 113,511 shares of GE which is valued at $3.5 Million. General Electric Company makes up approx 0.44% of Pitcairn Co’s portfolio.Stuart Chaussee Associates reduced its stake in GE by selling 300 shares or 13.27% in the most recent quarter. The Hedge Fund company now holds 1,960 shares of GE which is valued at $60,270. General Electric Company makes up approx 0.05% of Stuart Chaussee Associates’s portfolio.

General Electric Company opened for trading at $29.53 and hit $29.68 on the upside on Friday, eventually ending the session at $29.56, with a gain of 0.68% or 0.2 points. The heightened volatility saw the trading volume jump to 3,50,04,526 shares. Company has a market cap of $271,824 M.

On the company’s financial health, General Electric Company reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $0.19. The company had revenue of $27597.00 million for the quarter, compared to analysts expectations of $27966.34 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on General Electric Company. General Electric Company was Resumed by JP Morgan to “Underweight” on May 12, 2016. Company shares were Reiterated by UBS on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $32 .Shares were Reiterated by Stifel on Apr 26, 2016 to “Buy” and Lowered the Price Target to $ 34 from a previous price target of $36 .

General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines power generation oil and gas production equipment and household appliances to medical imaging business and consumer financing and industrial products. The Company operates its segments through its eight businesses -based on the markets they serve: Power & Water Oil & Gas Energy Management Aviation Healthcare Transportation Appliances and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing Consumer Real Estate Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.

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